Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $109,468.62 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 9,077 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62. Following the completion of the sale, the insider now directly owns 10,903,830 shares in the company, valued at $131,500,189.80. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The shares were sold at an average price of $12.21, for a total value of $194,187.84.

Boston Omaha Stock Performance

Shares of BOC stock opened at $14.04 on Friday. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The company’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $14.35. The firm has a market cap of $440.49 million, a PE ratio of -42.54 and a beta of 0.80. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reiterated an “equal weight” rating and set a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Boston Omaha during the 3rd quarter worth approximately $134,000. The Manufacturers Life Insurance Company acquired a new position in Boston Omaha during the second quarter worth $139,000. Susquehanna Fundamental Investments LLC bought a new stake in Boston Omaha during the second quarter worth $141,000. BNP Paribas Financial Markets lifted its stake in Boston Omaha by 61.0% in the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after acquiring an additional 5,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after acquiring an additional 925 shares during the period. 60.36% of the stock is owned by institutional investors and hedge funds.

About Boston Omaha

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.